Broadcast M&A Prospects Chilly In ’24
The FCC’s recent Top Four Duopoly rule decision, the agency’s kibosh of the Standard General-Tegna deal and private equity’s uncertainty about bellying back up to the bar all point toward a 2024 that will be relatively short on TV station mergers and acquisitions.
If Disney Sells Off TV, It Won’t Be Simple
If CEO Bob Iger follows through on his desire to sell off the company’s linear TV business, the sale is likely to happen in pieces, experts say, and any potential buyer among broadcasters faces numerous complications.
Tegna’s Dave Lougee, Shooting Star’s Diane Sutter, Patrick Communications’ Larry Patrick and TVNewsCheck’s Harry Jessell are among this years Ward L. Quaal Leadership Awards. In addition, William Duhamel, will be presented with the nonprofit’s Chairman’s Award. They will be honored on April 26 in Las Vegas.
Sunbelt Multimedia Co. has sold its Telemundo affiliate KTLM Rio Grande City, Texas (DMA 86), to Telemundo Rio Grande Valley LLC for $8.5 million. Larry Patrick of Patrick Communications brokered the deal. In 2012, Patrick was appointed receiver for Sunbelt Multimedia and associated entities by the United States District Court for the Southern District of Texas.
Larry Patrick, managing partner of Patrick Communications, was appointed receiver for Sunbelt Multimedia Co. and associated entities by Judge Gray H. Miller of the United States District Court for the […]
Auction Talk Draws TV Spectrum Speculators
The likelihood of federal spectrum auctions is having a two-pronged effect: leading some buyers to look for low-priced stations to buy in the hopes of cashing out from the auction proceeds; and causing some struggling smaller-market and public stations that could use money now to put themselves on the block.
Exclusives
An FCC filing reveals that the company buying the San Francisco and Boston stations, NJR TV, is owned equally by Ted Bartley and family; Titan Broadcast Management, headed by Bert Ellis and Dan Sullivan; and Larry Patrick and his wife, Susan.
Retrans Tops TV’s Biggest Business Issues
TVNewsCheck picked the brains of some top broadcasters and analysts to see what the year’s important issues will be. For the first time in a long while, the general outlook was optimistic. Getting specific, here are nine things they will be keeping their eyes on: retransmission consent/reverse compensation, the FCC’s spectrum incentive auction, mobile DTV, industry consolidation, Comcast-NBCU deal ripple effects, signs of life in M&A, record off-year for political advertising, evolution of digital subchannels, publicly held station groups to pay dividends and local online and mobile media.
